Q3 2024 Earnings Forecast for FactSet Research Systems Inc. (NYSE:FDS) Issued By Zacks Research

FactSet Research Systems Inc. (NYSE:FDS - Free Report) - Zacks Research reduced their Q3 2024 EPS estimates for FactSet Research Systems in a research note issued on Wednesday, April 10th. Zacks Research analyst R. Department now forecasts that the business services provider will post earnings per share of $3.83 for the quarter, down from their prior estimate of $3.94. The consensus estimate for FactSet Research Systems' current full-year earnings is $15.81 per share. Zacks Research also issued estimates for FactSet Research Systems' Q4 2024 earnings at $3.75 EPS, FY2024 earnings at $15.98 EPS, Q1 2025 earnings at $4.30 EPS, Q2 2025 earnings at $4.35 EPS, Q3 2025 earnings at $4.37 EPS, Q4 2025 earnings at $4.37 EPS, FY2025 earnings at $17.39 EPS, Q1 2026 earnings at $4.58 EPS, Q2 2026 earnings at $4.60 EPS and FY2026 earnings at $18.58 EPS.

FactSet Research Systems (NYSE:FDS - Get Free Report) last posted its earnings results on Thursday, March 21st. The business services provider reported $4.22 earnings per share for the quarter, topping analysts' consensus estimates of $3.83 by $0.39. FactSet Research Systems had a net margin of 22.72% and a return on equity of 34.36%. The firm had revenue of $545.95 million for the quarter, compared to the consensus estimate of $547.93 million.

Several other analysts have also weighed in on the company. Wolfe Research initiated coverage on FactSet Research Systems in a report on Thursday. They set an "underperform" rating and a $430.00 price target on the stock. Oppenheimer restated a "market perform" rating on shares of FactSet Research Systems in a report on Friday, March 22nd. BMO Capital Markets upped their price target on shares of FactSet Research Systems from $447.00 to $458.00 and gave the company a "market perform" rating in a report on Monday, March 25th. Barclays reissued an "equal weight" rating and issued a $460.00 price objective (down previously from $480.00) on shares of FactSet Research Systems in a research note on Friday, March 22nd. Finally, The Goldman Sachs Group increased their price target on FactSet Research Systems from $377.00 to $419.00 and gave the stock a "sell" rating in a report on Friday, March 22nd. Three research analysts have rated the stock with a sell rating and nine have assigned a hold rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $442.70.

FactSet Research Systems Trading Down 0.3 %

FDS stock traded down $1.13 during midday trading on Friday, reaching $426.14. 241,152 shares of the company traded hands, compared to its average volume of 238,767. The firm has a market capitalization of $16.24 billion, a price-to-earnings ratio of 33.84, a P/E/G ratio of 2.64 and a beta of 0.72. FactSet Research Systems has a 52-week low of $380.96 and a 52-week high of $488.64. The business has a 50 day moving average of $460.53 and a 200-day moving average of $456.12. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.79 and a current ratio of 1.79.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. American Century Companies Inc. raised its position in shares of FactSet Research Systems by 10.8% in the first quarter. American Century Companies Inc. now owns 3,246 shares of the business services provider's stock worth $1,409,000 after acquiring an additional 317 shares during the period. Panagora Asset Management Inc. grew its holdings in FactSet Research Systems by 9.3% in the first quarter. Panagora Asset Management Inc. now owns 2,236 shares of the business services provider's stock valued at $971,000 after purchasing an additional 190 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in shares of FactSet Research Systems by 7.0% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 5,057 shares of the business services provider's stock valued at $2,195,000 after buying an additional 332 shares in the last quarter. Cibc World Market Inc. lifted its position in shares of FactSet Research Systems by 4.2% during the 1st quarter. Cibc World Market Inc. now owns 897 shares of the business services provider's stock valued at $389,000 after buying an additional 36 shares in the last quarter. Finally, Vontobel Holding Ltd. grew its stake in FactSet Research Systems by 49.5% in the 1st quarter. Vontobel Holding Ltd. now owns 1,051 shares of the business services provider's stock valued at $463,000 after acquiring an additional 348 shares during the period. 91.24% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CEO Frederick Philip Snow sold 3,000 shares of the stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $476.02, for a total value of $1,428,060.00. Following the sale, the chief executive officer now owns 12,915 shares in the company, valued at $6,147,798.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.00% of the stock is owned by corporate insiders.

FactSet Research Systems Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Thursday, February 29th were issued a dividend of $0.98 per share. This represents a $3.92 dividend on an annualized basis and a dividend yield of 0.92%. The ex-dividend date of this dividend was Wednesday, February 28th. FactSet Research Systems's dividend payout ratio (DPR) is 31.04%.

FactSet Research Systems Company Profile

FactSet Research Systems Inc, a financial data company, provides integrated financial information and analytical applications to the investment community in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company delivers insight and information through the workflow solutions of research, analytics and trading, content and technology solutions, and wealth.